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Old 01-20-2019, 05:16 PM
 
55 posts, read 39,653 times
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Gas prices seems to be going down again?
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Old 01-20-2019, 05:32 PM
 
Location: Beautiful Northwest Houston
6,292 posts, read 7,500,301 times
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Quote:
Originally Posted by JJ-1979 View Post
Gas prices seems to be going down again?
As long as WTI doesn't dip below $40 for any extended period of time Houston will be fine.
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Old 01-21-2019, 05:30 AM
 
18,130 posts, read 25,286,567 times
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Define recovery?

From what I here, the job situation is still really crappy .... Oil companies are still being penny pinchers
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Old 01-21-2019, 08:41 AM
 
Location: Houston
5,614 posts, read 4,941,546 times
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At the current prices I don't expect layoffs in Houston. However, there won't be white-collar job growth either.
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Old 01-21-2019, 11:35 AM
 
Location: Houston, TX
8,349 posts, read 5,502,221 times
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Quote:
Originally Posted by Jack Lance View Post
As long as WTI doesn't dip below $40 for any extended period of time Houston will be fine.
Dont expect economic growth at that price.
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Old 01-21-2019, 12:07 PM
 
Location: Beautiful Northwest Houston
6,292 posts, read 7,500,301 times
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Quote:
Originally Posted by As Above So Below... View Post
Dont expect economic growth at that price.
The only way WTI stays at $40 is if world economic growth stalls, or OPEC stops supporting oil prices which it won't. If that's the case nobody will be growing.

Also don't forget that lower oil prices support growth in the Chemical sector , that along with growth in the 50% of the local economy that's not O & G you will still get some economic growth if not employment growth.
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Old 01-21-2019, 12:45 PM
 
Location: ✶✶✶✶
15,216 posts, read 30,558,979 times
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Quote:
Originally Posted by Dopo View Post
Define recovery?

From what I here, the job situation is still really crappy .... Oil companies are still being penny pinchers
What they did was they figured out how to get work done with fewer people. They don't ever have to hire them back, and they probably won't. They can just make more money.

It's a great deal for you if you're a top exec or a shareholder. It's bad news if you're just a regular guy trying to earn some money here.
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Old 01-21-2019, 01:21 PM
 
Location: Beautiful Northwest Houston
6,292 posts, read 7,500,301 times
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Quote:
Originally Posted by jfre81 View Post
What they did was they figured out how to get work done with fewer people. They don't ever have to hire them back, and they probably won't. They can just make more money.

It's a great deal for you if you're a top exec or a shareholder. It's bad news if you're just a regular guy trying to earn some money here.

Automation is displacing workers in every segment of the economy, except I suppose the Automation sector itself.
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Old 01-21-2019, 01:28 PM
 
1,715 posts, read 2,298,228 times
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In my sector, overall job opportunities are getting better because of H-1B clamp down and foreign skilled workers being not being preferred so it might be something positive short term.
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Old 01-21-2019, 03:58 PM
 
Location: Unplugged from the matrix
4,754 posts, read 2,976,993 times
Reputation: 5126
Quote:
Originally Posted by Jack Lance View Post
Automation is displacing workers in every segment of the economy, except I suppose the Automation sector itself.
Exactly. What he speaks of is automation, which will effect many jobs in this country. Even accountants can be replaced with automation in the future...
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